Reinsurance News
Parametric reinsurance
LIRG provides QS reinsurance for DLT Alert’s embedded parametric cyber warranty rollout
26th March 2026
Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has provided $15 million in quota-share (QS) reinsurance for New York-based managing general agent DLT Alert. The reinsurance supports the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution system providers. The first programme is ... Read the full article
Kairos launches AI driven analytics platform
9th February 2026
Singapore-based boutique insurance solutions consultancy, Kairos Risk Solutions, has introduced the Weather Data Platform, an advanced analytics tool designed to improve climate risk assessment and strengthen the use of parametric insurance solutions with localised, data-driven weather projections. The firm stated that traditional weather models often lose reliability beyond short-term forecasts, limiting ... Read the full article
Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilience
17th November 2025
Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-linked loans. Swiss Re says insurance-linked loans, alongside parametric insurance, catastrophe bonds, and contingent ... Read the full article
Descartes Underwriting adopts mea Platform to power parametric growth
13th November 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has adopted mea Platform’s AI products to enhance automation and data orchestration across its underwriting processes. The implementation expands Descartes’ use of AI to deliver faster, more cost-efficient underwriting decisions. This mirrors the speed and precision of ... Read the full article
Willis and Rare launch parametric insurance solution for Philippines’ small-scale fishers
12th November 2025
The Government of the Philippines' Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine Crop Insurance Corporation (PCIC), have partnered with global conservation organisation Rare and insurance broker Willis, a WTW business, to launch the country’s first parametric insurance solution for small-scale fishers. The partnership insures the livelihoods of 14,200 ... Read the full article
Stonybrook Risk provides parametric coverage for Caribbean-based client
17th September 2025
Stonybrook Risk Management, a wholly-owned subsidiary of Stonybrook Capital and licensed reinsurance intermediary, has completed a parametric insurance transaction for a Caribbean-based client. The transaction was led by parametric veteran Dan Butzbaugh and utilised a parametric solution to replace traditional insurance as per the needs of the client. The company explained, buyers ... Read the full article
CBPR market shows strong profitability and strategic reinsurance moves: Guy Carpenter
11th September 2025
Guy Carpenter, a reinsurance and risk advisory firm, reports in its Global Specialties Market Update on the current dynamics shaping the Credit, Bond & Political Risk (CBPR) market. According to Guy Carpenter, the global environment remains volatile, influenced by ongoing geopolitical tensions and economic uncertainty that have persisted over the past ... Read the full article
ADB, UNCDF, UNDP to create parametric climate insurance for MSMEs in Fiji
20th August 2025
The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to develop parametric insurance solutions for extreme weather for micro, small, and medium-sized enterprises (MSMEs) in Fiji. The Asia-Pacific Climate Finance Fund (ACliFF), a multi-donor trust fund established in April 2017, ... Read the full article
Mantas looks to be first parametric MGA in the UAE
19th August 2025
Mantas, a provider of parametric cyber insurance and predictive analytics to help businesses mitigate cloud downtime risks, has secured In-Principle Approval (IPA) for a Category 4 licence from the Dubai Financial Services Authority (DFSA). The license allows Mantas to operate as a regulated Managing General Agent (MGA) upon the issuance of ... Read the full article
PCRIC makes $285,000 payout to Samoa for tsunami recovery
15th August 2025
The Pacific Catastrophe Risk Insurance Company (PCRIC), a donor funded entity established to provide Pacific Island nations with access to disaster risk insurance and related services, has made a payout of $285,000 under the tsunami component of its parametric insurance policy to Samoa due to a tsunami warning that was ... Read the full article
Floodbase launches solution to allow continuous flood mapping across the US
23rd July 2025
Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational awareness and actionable information, which can now be licensed on-demand per event. This launch marks a significant step forward ... Read the full article
Gallagher Re structures and places $16m multi-peril parametric policy for SEADRIF and Lao PDR
18th July 2025
Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the original 2021 flood-only placement to include additional perils such as typhoons, earthquakes, and landslides. It was ... Read the full article
The next challenge is to make parametric solutions a mainstream climate finance tool: NDF
4th July 2025
The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile states. By providing parametric risk capacity, the NDF helps support local and international actors in offering risk transfer solutions ... Read the full article
Aon receives approval for updated Florida hurricane catastrophe model
19th June 2025
Aon, a global insurance and reinsurance broking group, has received certification for its updated Florida hurricane model from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for ratemaking in the state. The updated model is developed by Aon’s Impact Forecasting team and incorporates the latest research and technology, which aims ... Read the full article
Parametric risk pools secure €4.7m grant to enhance climate resilience collaboration
16th April 2025
Four Regional Risk Pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to put shared commitments into action. Signed by the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe ... Read the full article
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